AI Startup Thinking Machines Raises $2B at $10B Valuation— Without a Product

Technology
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June 2025Thinking Machines, a nascent AI startup led by a team of high-profile researchers—many formerly from OpenAI—has secured $2 billion in funding at a staggering $10 billion valuation, despite having no publicly released product.

Founded just months ago, Thinking Machines has attracted intense interest from top venture capital firms, drawn largely by its elite talent roster and ambitions to build next-generation artificial general intelligence (AGI) systems. The company has remained tight-lipped about its roadmap but is believed to be developing foundational AI models aimed at pushing the frontier of machine intelligence.

The funding round underscores investor appetite for moonshot AI ventures, particularly those led by prominent figures from the current wave of generative AI innovation.

While details remain scarce, insiders describe the company as “vision-first,” betting on long-term breakthroughs rather than immediate commercialization.

Thinking Machines joins a growing list of high-valuation AI startups attracting billions in capital amid fierce competition to lead the future of AI.

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